If so, you might benefit from Orchid's EFT Processing solution! It streamlines payment and collection processes and tightens control over bank transfers. EFT Processing transfers Accpac receipts and payments through to the electronic funds transfer functionality of your banking software.

The Benefits of EFT Processing:

Reduced bank transaction fees.

Process both receipts and payments.

No duplicated data entry, saving time and eliminating errors.

Expensive check stationery not required.

Improved security on vendor/customer bank account details.

Improved security on issuing checks – no checks lost in the post.

Reduced postage costs as you can email remittance advices.

Reduced processing time, instead of taking several hours to print, fold and post cheques - an EFT batch can be created, imported and remittances emailed in a matter of minutes.

Environmental benefits through the reduced use of paper.

EFT Processing Features:

Automatically creates EFT files required by the bank, for both payments and receipts.

Creates Electronic Funds Transfer files in the format required by many major banks based on the standard Sage ERP Accpac Accounts Payable payment and customer refund routines.